Stock-Based Incentive Compensation Plans (Tables)

12 Months Ended

Dec. 31, 2022

Stock-Based Incentive Compensation Plans [Abstract]

Compensation Expense By Award Type

	For the Years Ended December 31,
	2022		2021		2020
Stock options	$	6	$	8	$	10
Performance shares		10		18		5
RSUs		35		35		36
Total	$	51	$	61	$	51
Recognized tax benefit	$	11	$	13	$	11

Total unrecognized compensation expense for all stock-based incentive compensation plans

	For the Years Ended December 31,
	2022			2021			2020
			Weighted-			Weighted-			Weighted-
			Average			Average			Average
	Expense		Period	Expense		Period	Expense		Period
Stock options	$	11	0.8	$	8	0.7	$	8	0.7
Performance shares		19	1.2		14	1.2		14	1.3
RSUs		55	1.4		43	1.4		37	1.2
Total unrecognized stock-based
incentive compensation expense	$	85		$	65		$	59

Summary of activity for stock options with service conditions

						Weighted-
			Weighted-			Average
			Average		Remaining		Aggregate
			Exercise		Contractual		Intrinsic
	Shares		Price			Term	Value
Outstanding as of December 31, 2021	3,011,536		$	59.23
Granted	593,609			55.10
Exercised	(38,374	)		54.76
Forfeited or expired	(170,232	)		63.19
Outstanding as of December 31, 2022	3,396,539		$	58.36		6.09	$	-
Vested or expected to vest as of December 31, 2022 (1)	3,238,301		$	58.49		5.97	$	-
Exercisable as of December 31, 2022	2,476,028		$	59.47		5.05	$	-

⁽¹⁾Includes estimated forfeitures.

Summary of activity for stock options with performance conditions

						Weighted-
			Weighted-			Average
			Average		Remaining		Aggregate
			Exercise		Contractual		Intrinsic
	Shares		Price			Term	Value
Outstanding as of December 31, 2021	166,278		$	58.88
Granted	33,435			60.58
Exercised	(29,931	)		63.59
Forfeited or expired	(48,385	)		60.49
Outstanding as of December 31, 2022	121,397		$	57.55		2.36	$	-
Vested or expected to vest as of December 31, 2022 (1)	114,310		$	57.34		2.26	$	-
Exercisable as of December 31, 2022	97,773		$	56.72		1.99	$	-

⁽¹⁾ Includes estimated forfeitures.

Summary of activity for performance shares

				Weighted-
				Average
			Grant-Date
	Shares			Fair Value
Outstanding as of December 31, 2021 (1)	630,670			$	63.16
Granted	374,128				69.37
Vested	(185,194	)			66.89
Forfeited	(72,756	)			69.97
Performance adjustment (2)	20,580				66.89
Outstanding as of December 31, 2022 (1)	767,428			$	64.61

⁽¹⁾Represents target award amounts.

⁽²⁾Represents the difference between the target shares granted and the actual shares vested based upon the achievement level of performance measures.

Option price assumptions used for stock appreciation rights plan

	For the Years Ended December 31,
	2022		2021		2020
Weighted-average fair value per option granted	$	18.13	$	17.26	$	12.25
Weighted-average assumptions:
Dividend yield		3.2%		3.0%		3.0%
Expected volatility		44.4%		45.0%		30.1%
Risk-free interest rate (1)		1.9-3.8%		0.6-1.0%		0.3-1.4%
Expected life (in years)		5.8		5.8		5.8

⁽¹⁾Risk-free interest rate expressed as a range and not a weighted average.

Summary of activity for restricted stock units

				Weighted-
				Average
			Grant-Date
	Shares			Fair Value
Outstanding as of December 31, 2021	1,870,556			$	59.78
Granted	938,181				65.53
Vested	(713,247	)			62.53
Forfeited	(156,341	)			62.27
Outstanding as of December 31, 2022	1,939,149			$	61.26